possible between different segments of the labour market, we concentrate on unemployment experience and wage growth for a panel …

The paper presents a stochastic insider-outsider model that accounts for the following stylized facts: (1) unemployment … rates display a high degree of serial correlation, or `persistence'; (2) the average rate of unemployment has been higher in … long-run unemployment rate is independent of the level of productivity and the magnitude of the labour force. The model …

We present a theory of involuntary unemployment which explains why the unemployed workers ("outsiders") are unable or …-setting and, as a result, involuntary unemployment may arise. …

Previous estimates of the effect of unemployment on crime commonly omit determinants of criminal behavior that vary … with the business cycle, creating correlation between unemployment rates and the residuals in aggregate crime regressions … accompanying omitted variables bias to estimates of the effect of unemployment on crime. Using a state-level panel for the period …

The paper suggests alternatives to the Harris-Todaro theory to explain unemployment in segmented labour markets. We … formation. Unemployment and labour-market segmentation are explained with reference to heterogeneous preferences, productivities … and endowments among workers. The responsiveness of unemployment to external shocks is shown to depend crucially on …

In this paper we look at the effects of immigration and trade with Eastern Europe on unemployment in Austria. Using … possible detrimental impacts in unemployment entry effects and unemployment duration effects. We find that unemployment entry … immigration effect on unemployment duration. Within almost all subgroups there is a significant increase in the length of …

overly long unemployment durations. We examine the influence of previous wages on unemployment durations for workers after …

resilience is depicted in two conceptually independent ways: (i) the tendency of exogenous variations in unemployment to become … perpetuated and (ii) the possibility that such swings may give rise to a wage-unemployment ratchet. In this manner, the analysis … attempts to provide an explanation of why unemployment rates in Europe and the United States have displayed an upward trend …

This paper compares two theories of involuntary unemployment: the efficiency-wage theory and the insider … unemployment is to explain why there is no underbidding, and we compare the two theories in this contex. …